STL Trustees unveils holding group to consolidate trusteeship, asset management and advisory businesses

STL Trustees Limited has formally introduced STL Capital Group, bringing the company's trusteeship, asset management, and capital and advisory operations under one umbrella as it seeks to expand its role in Nigeria's capital market.

The new structure is designed to make the group's capabilities easier for clients to access. Its services will cover corporate trusteeship, wealth preservation, estate and succession planning, investment management, capital raising, and financial advisory work.

“We are proud to announce a group structure that brings together our trusteeship, asset management, and capital & advisory capabilities, creating a broader platform through which we can serve our existing and prospective clients better,” Managing Director Funmi Ekundayo said.

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We are proud to announce a group structure that brings together our trusteeship, asset management, and capital & advisory capabilities, creating a broader platform through which we can serve our existing and prospective clients better.

She said the restructuring followed approval from the Securities and Exchange Commission, allowing the businesses to operate within a Capital Market Holding Company framework while preserving the regulatory boundaries of each subsidiary. She linked the move to emerging opportunities in Nigeria's capital market, where businesses increasingly need funding to expand, strengthen working capital, and pursue new investments.

Ekundayo traced the group's foundation to STL Trustees' more than three decades in Nigeria's financial services and capital market ecosystem. The asset management arm was established to pursue investment management opportunities, while STL Capital & Advisory was created to expand into issuing-house and capital-raising activities. She said the asset management business had grown significantly in four years, while the roughly three-year-old capital and advisory business had already completed several impactful transactions.

“We see a very bright future with all the three businesses, and even a better opportunity to further evolve beyond the existing subsidiaries,” Ekundayo said. Executive Director Akinwumi Oni said the structure would help STL respond more effectively to changes and opportunities in Nigeria's economy and financial markets.

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We see a very bright future with all the three businesses, and even a better opportunity to further evolve beyond the existing subsidiaries.